S&P: UAE's strong economy with low debt
Standard & Poor's has affirmed the UAE's sovereign credit rating at AA/A-1+ with a stable outlook, praising the strength of its fiscal reserves and government assets, which are estimated at 147% of GDP in 2026, providing significant financial protection. Public debt remains very low at 26% of GDP, with an average fiscal surplus forecasted at 2.3% during 2026-2029, supported by increased oil production and improved hydrocarbon exports. The banking sector is robust, with net external assets totaling $247 billion, and the resilience of the financial system is reinforced by central bank support measures. The agency expects that higher oil production will boost GDP growth to 6.2% between 2027 and 2029, up from 2.4% in 2026. Additionally, the government plans to invest 12.4 billion dirhams to strengthen the budget, alongside ongoing supportive government policies that ensure broad economic stability.
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